Lots of people have fun playing around with inventing things in their basement or workshop, but actually beginning a career as an inventor can be a bit more complicated than you may think, but also very rewarding if you make it big.
The problem is only around six percent of the utility patents given out in 2008 were given to an individual and only around one third of the people who apply for a US patent get it, that means a lot of frustration for the rest of the budding inventors. There are always going to be big winners and big losers along the way.
If you want to become an inventor, there are a few things you should do:
Firstly, it’s not a good idea to quit your regular job at this point. For one thing, developing a product takes a lot of time, at least between six months and a couple years in most cases! And in the meantime, you still need a way to pay your bills and eat on a regular basis. Even after you sell your first successful invention, you have to have money coming in until you start getting royalties from that invention.
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